200912.29
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Why are we Spending Stimulus Funds in Montana

Why are we spending stimulus funds in Montana? The Bozeman City Commission authorized spending $49,140 in federal stimulus money on Monday to install new tennis courts at Bogert Park. The new courts are likely to be ready in June, Parks and Cemetery Department Superintendent Thom White said. The commission approved a contract with Dermco-LaVine Construction…

200912.21
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The Illusion of Progress

If all you do is read headlines, it would seem that the US is making steady progress toward solving some of the most pressing issues of the day. President Obama went to Copenhagen last week and came away with an agreement which calls for developed nations to provide $30 billion to help developing nations deal…

200912.18
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Your Freudian Slip is Showing

At President Obama’s health care reform inevitability news conference the other day he said: “it’s clear we are on the precipice of achievement that’s eluded Congresses, presidents for generations — an achievement that will touch the lives of nearly every American.” As Roger Kimball points out, precipice probably isn’t what he meant: He probably meant “threshold.”…

200912.17
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Santa Gets a WTO Complaint

From the WSJ RTE Blog: Dear Santa It is with regret that I am serving you with a Section 415 Cease and Desist order in the matter of delivery of gifts and/or presents on the occasion of the Night Before Christmas on behalf of Mr. and Mrs. Dean (hereafter “My Parents”). My Parents note the…

200912.17
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Treasury to Hold Citi Stake

The Treasury Department has decided to retain its full stake in Citigroup after the stock offering today was priced below the Treasury’s break even price (via WSJ): The U.S. government abruptly shelved plans to start trimming its 34% stake in Citigroup Inc., after investors demanded a price so low that the Treasury Department would have…

200912.16
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Cash for Caulkers

President Obama held a press conference yesterday and declared that insulation was sexy: NEW YORK (CNNMoney.com) – President Obama proposed a new program Tuesday that would reimburse homeowners for energy-efficient appliances and insulation, part of a broader plan to stimulate the economy. The administration didn’t provide immediate details, but said it would work with Congress…

200912.10
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Stimulus Boondoggles

I opposed the stimulus plan passed earlier this year based on economic principles. Having government take money from the private sector and spend it on the whims of politicians holds little hope for generating economic growth. The argument in favor of stimulus spending is that money spent by the public sector is more useful to the…